NAGPUR: Property taxpayers have been taken for a ride once again. The Nagpur Municipal Corporation (NMC) has failed to distribute the property tax bills by April end. The chances of distributing the bills by May end too is bleak. It will not only inconvenience property owners but will also deprive the cash-strapped civic body of much-needed revenue.

MUMBAI: Although REITs is not a new name in India, the government is still in the process of formulating legislations for it in the Indian real estate market. Indeed, implementing REITs is one of the challenges that the new government faces.

MUMBAI: Swatantra Kumar explains: REITs or are a special type of investment vehicle which operate more like mutual funds but invest in real estate properties for returns. These properties are usually income generating properties, commercial or residential, and the returns from such investments are passed on to the investors in the REITs.

MUMBAI: There has been a deluge of offer s through advertisements aimed at prospective home buyers, for those who will live in that property and also those who want to buy a property as an investment. For the second option-that is buying a real estate now as an investment for future gains-a widely accepted opinion is that investing in property is the best investment, even better than investing in shares. We analyze this belief by looking at the pros and cons of such an investment, and whether th

MUMBAI: It seems to be curtains for the legal battle launched by Campa Cola compound residents to save their illegal flats with the Supreme Court on May 5 declining to extend the May 31 deadline to vacate their aprtments for demolition.

NAGPUR: The Nagpur Municipal Corporation has decided to now auction properties of the property tax defaulters to recover dues. The civic body will first publicly release names of major defaulters and then auction the properties if they still do not pay up.